Chief executive officer Wan Azman Wan Salleh said: “If all goes well, we can embark on these projects with our strategic partners.”

Wan Azman declined to comment further on the revamp plan. The group has not made money in seven years and could possibly have its shares taken off the stock exchange. The group recorded a loss of RM9.2 million on revenue of RM1.5 million for the financial period ended 31 May 2008.

Putera Capital has closed its loss-making textile division and has decided to focus on the construction and infrastructure business. It currently holds a 20 per cent stake in West Coast Expressway, a multi-billion ringgit project which has not begun.

The group is also engaged in a partnership with Melewar Industrial Group Bhd to construct a proposed RM2.2 billion monorail system in George Town, Penang. Wan Azman said the group remains hopeful of the project, for which it is still waiting for response from the state government.

Putera Capital bids for RM9b jobs despite financial troubles

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The Group’s latest project is Bandar Tasik Puteri, an ongoing project which is being developed as an integrated Urban Regional Centre and when completed, will have residential homes and a commercial town centre complete with business institutions, entertainment and recreational amenities to serve the North Klang Valley’s population.

About AP Land

• Date of incorporation : 19 January 1961
• Former name : Mount Pleasure Holdings Berhad, Public Corporation Berhad, Public Textile Berhad, Min Ngai Knitting Factory (Malaya) Berhad, Min Ngai Knitting Factory (Malaya) Sdn Bhd
• Principal activities : Investment holding and provision of management services
• Registered address : Suites 704 & 705, 7th Floor, No. 11, Lorong Kinta, 10400 Penang
• Tel No. : (604) 227 0363, 227 9063, Fax No. : (604) 227 2011
• Kuala Lumpur office address : 49th Floor, Empire Tower, City Square Centre, Jalan Tun Razak, 50400 Kuala Lumpur
• Tel No. : (603) 2163 1200, Fax No. : (603) 2163 1157
• E-mail address: comsec@apland.com.my
• Penang office : address : Lot 2-1-5, Marina Terrace Sports Complex, Jalan Low Yat, 11100 Batu Ferringhi, Penang
• Tel No. : (604) 899 1213/1123, Fax No. : (604) 890 5260
• E-mail address: ibrpg@myjaring.net
• Stock Exchange Listing : Main Board, Bursa Malaysia Securities Berhad
• Authorised share capital : RM1,000,000,000
• Issued and paid-up share capital : RM710,341,402

Board of Directors

• Executive Chairman: Mr Low Gee Tat @ Gene Low
• Joint Managing Directors : M r Low Gee Teong, Mdm Low Su Ming
• Independent Non-Executive Directors : Tan Sri Datuk Seri (Dr) Chong Hon Nyan, Tan Sri Dato’ Hanafiah Bin Hussain, Tan Sri Dato’ Lee Kim Sai @ Lee Hoo
• Executive Directors : Mdm Woon Siew Choo, Mr Wee Beng Sang
• Group Adviser : Tan Sri Dato’ Low Yow Chuan
• Company Secretary : Mdm Chan Kam Lye
• Share Registrar : Asia Pacific Land Bhd, 49th Floor Empire Tower, City Square Centre, Jalan Tun Razak, 50400 Kuala Lumpur
• Tel No. : (603) 2163 1200, Fax No.: (603) 2163 1157
• E-Mail : comsec@apland.com.my

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